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All right we're gon na pull off this and let's go ahead and see what's going on uh, first of all market, nice rebound after the madness of yesterday, and it's doing a little bit of a rally into the clothes we had a brief moment uh in the Second, half of the day where it looked like, we were going to get a little bit of that cell to rip again, but that didn't really materialize. Take a look at this. We saw this right here at about 11 o'clock. We saw this rotation to to the downside.

There was an expectation that, oh here we go again selling the rip again as usual, the retail buyers coming in buying the dip and the institutions coming and selling the rip. This has happened over and over and over again. Fortunately, today we're closing it's going to. It looks like we're going to be closing in the green, quite well on a lot of different positions.

One of the things to look at here is we started the day red and when we started the pre-open or market open, live stream, uh pre-market. We were talking about how what lately has been happening is red, open, green clothes, green open red clothes, and this morning we had a red open things were barely up. I think we only had well at the bell we had. Maybe sixty percent of companies were red.

Uh, and and within ten minutes it looked like ninety percent of companies were in the red and so, as usual in the pattern red open, green close. This is pretty common. We see a lot of this this uh. This sort of enthusiasm seems to sometimes set up for more short selling, and we were just talking briefly.

This was sort of a brief mention here on the course member live about how one of the things that's happening is we're seeing shorts still stabilizing or increasing their positions on uh, stable positions on, let's say, matterport and lemonade in the recent weeks here, but increasing positions On the qqq and the spy, so, for example, you look over here, you look at the spy. You can see this increase here in short position positions. It's not much! It's about a percent to a percent half in an increase, but it is an increasing trend. Seeing the same thing here on qqq, more shorts, more downside protection coming against these here, even nvidia has experienced a little bit of a pump ever since uh biden or not buying jerome powell had his meeting.

You saw this little short interest bump over here and if we go out to one year, though, which which i do think is worth going out to one year you go out to one year we have had periods of more elevated shorts and those have always been It somewhat around those pain points or in the middle of pain points. So, for example, let's compare nvidia see right here. Nvidia had a peak around april 15 in terms of shorts and we're coming up to a new peak over here on nvidia. Let's now go jump on over to nvidia stock itself, which this morning was selling off now we're covering into the close.

We go here up 2.5 right now we go to nvidia and we're looking for april 15th. Look at that april 15th right here. The shorts increase after the stock rips back you get this short uh increase the shorts, increasing their positions as sort of a hedge going into may and uh. We did end up having a little bit of a fall there in may.

That's an interesting one on nvidia. Let's try another here: let's do oh where's uh. We can't really do matterport. I don't know if let's do shift, they've been public a little longer yeah.

So let's go to the one year on shift. We had uh a increase of shorts to the levels where we are now in the summer. I don't know if we had any particular catalyst there, so sometimes it feels almost company specific. Sometimes it feels more market related see here in uh lemonade.

For example, we had two spikes, both in one in march and one in may, which were both rougher times for the stock, and we are at 37 short now on lemonade. One of the things we were hoping for was that short interest would start declining rather than increasing, and that's not what we got at all so for lemonade. We had shorts increase here in may, probably during this increasing period, but also interestingly, here in in the middle to beginning of march here so uh no particular correlation there on white shorts are increasing, but i i would certainly say that this decline here has a lot To do with uh, with this short position going up substantially from uh, you know the like 30 percent range to really probably averaging somewhere around 24, all the way to 37 percent short right now kind of wild honestly uh. Someone here mentions that wall street bets is uh.

Pumping uh is pumping uh apple, that's not a surprise uh and one of the reasons. That's not a terrible surprise is uh. There's a comfort in going to stocks that have been going up and have been doing very, very well, especially since you have all the cnbc folks and all the hedges and the institutions basically selling their funds. With the argument of oh yeah, we're looking for quality growth companies that can uh navigate through supply chain shortages or whatever, yet for some reason, markets seem to be somewhat overlooking.

Tesla tesla's also navigating supply chain shortages, but it's actually, i mean flat for the day. Uh and reported absolutely phenomenal earnings really really great company. Volatilities higher self puts look more juicy, everything about it looks great, but people are setting up that that short protection and and that's why we're seeing short, increa interest increase. That's why we're seeing put premium increase and it's getting more expensive to short one of the fascinating things about that is.

Once we get a little bit of a rotation and some of the the priciness of shorting uh, it makes you wonder like. Could it set up for a squeeze, or is that not even remotely going to be possible until jay, pal u-turns or cpi u-turns? Those are the two big things to look for, so you turn on inflation or a u-turn on the fed. Next week, we're going to have a lot of fed speak uh. We talked about that a little bit this morning.

It is worth noting that uh this morning we had neil kashkari mentioned that uh they're, not sure. If uh, we are going to be able to get inflation down with three rate hikes which is kind of disappointing, because it it sends this message that uh for lack of uh a more polite way. To put it once, the inflation genie is out of the bottle. It's really hard to put them back in that's at least somewhat what it feels like with uh, with with the federal reserve, suggesting that they might not exactly know what the he double hockey sticks is going on, which wow surprise, surprise the the fed doesn't know.

What's going on uh, but anyway uh, i do want to mention too that the uh first large batch of the a path to building wealth course comes out. Today. I won't be 100. Complete i've expanded the course way more than i thought i was going to and i keep adding lectures to it so we'll have more next week as well, but uh very excited about releasing the first larger batch today of lectures, so that'll be fun in the path Course and uh and then of course, uh you get access to the live streams as well with that, with that coupon code expiring today, uh, it's my birthday and i'm taking off all right.

So let's take a look here at some individual price action. We've got lucid here really dragging along the floor here i mean really rough day for for lucid down 7.3. Just never really got to maintain that takeoff, like some of the other companies, had same thing with sofi suffering here under uh under 11, now pinterest 26 macy how's macy been doing on the day chart. You know macy's had this nice, this incredible run, but a consolidation here to the downside.

If we uh take a look at sarc sark sitting at 50 uh, it's a level that uh, you know it's a little elevated. We've we've seen a little parabolic growth here on sarc uh. You've got bp actually down, probably because of the uh chevron news, and then you've got dutch bros here at 1.1 percent. Now, what we're also going to take a look at a firm, though, on that visa debit card partnership talk really a nice rip.

Here i mean really incredible: we we barely saw sell the ripping. I mean it was right here at about 11, that we had had the biggest risk of a sell, the rip and uh nope. We are closing way up on this as a firm's up: 15 visas up 10 uh, robin hood up 8, which is an absolutely insane reversal from uh. The the close yesterday was down like 14 uh.

It was just a pure pain day. Trade desk uh is up four point: two four percent on the day and riven's at four percent, so really interesting. How tesla's flat x-ping is down and rivian's killing it so indiscriminate, a little indiscriminate how the market's moving worth. Noting, though, that look at that nasdaq 2.3 really nice recovery here from the the depths of yesterday, in fact, i think if we look at where we were wednesday or where were we monday, let's see monday's close was the 24th.

We closed at 3 46 on monday, we're beating our clothes on monday. We did open, though at 363, so we're actually lower right now than where we were monday. The question is: can this pullback continue to rally up? That's the big question very difficult to tell. Obviously, in the short term, we will find out how the federal reserve treats us uh all right, so robin hood, eight percent and no earnings usually on a friday.

So i'm just gon na double check, really quick, but we will also hop on over to see what we've got: yeah no earnings to report today, let's go ahead and see what kind of news we have and there we go all right. So i love that how the main banner always flips whatever's going on midday. It's always stocks near session highs. Oh wow! Look at this arc short sellers, making 999 million to eclipse all canes in 2021.

January's haul for arc. Shorts tops 900. Well, that's a little different! 941 mill in 2021. uh now, let's see what they're mentioning here about this u-turn bears, who bet against ark, have made a cool 999 mill in 2022.

So far surpassing oh surpassing of last year, the 941. four arc funds are among the most profitable etf shorts. This month, by percentage gain, this is potentially good. News is what bloomberg's here bloomberg is here saying: um, presumably because it's like hey is we're gon na bounce on these rx positive today.

One of the basic reasons we're starting to see some short covering in arc is that the stock and etf have taken such a plunge and there's the assumption that they're at or near bottoms ooh a lot of talk about bottoms jim cramer this morning and uh. Now the uh ceo of s3 partners cool all right. Let's see omicron sub-variant now in idaho, i don't know how many folks are really still heavily engaged in uh and and watching the omicron news. I do wonder how many uh uh folks uh have have lost their interest in uh and and chasing overcrowd feeling.

Hmm all right. Crypto secrecy makes defy a financial felons wonderland. That's a crazy title. That's just what elizabeth warren wants to hear: more tax evasion and and crime anyway, let's see how we're going into the close so far, everything's been very optimistic today, which is good, does look like the spy is moving nicely away from that support.

Look at that we're almost at 4 40.. We are at the highs of the day folks highs of the day on uh the spy i'm gon na go ahead and get to qqq here same thing, highs of the day does not look like we're getting much selling pressure at all visas up 10. Now there we go tesla. Finally, up one percent, it was uh, it was rotating flat after being down as much as three percent this morning, which is mind-blowing.

So, let's see what else we have. Let's see what the suits are saying and let's take a look at bonds bonds, it's always fun. I believe we've got a little bit of a decline in bonds. Let's take a peek here.

We've got yep the 10-year at 1.78. It's down about 2.6 points. Let's take a peek at crypto by going to ftx.us, you can use my affiliate link if you wanted to by going to kevin.com, ftxus and save 10 on your trading fees, then all right, let's see what we got on btc btc nice, nice move off of 37.. All day we have been stuck at about 37, with the exception of that latter half here where uh the benefit is, in my opinion, btc, sometimes kind of reiterates or confirms or sometimes even leads a rip on the s p or the nasdaq.

We had a solid bounce today, this morning off of 36 ones, we've had almost a 2 000 swing in btc prices, today, not uncommon, since we do have our support line set at 36 1 and at 37.6, which we're standing on top of right now, we'll see If we can end up holding on to that tesla showing a little bit of a rally into the close, a lot of enthusiasm coming here to the close, with the exception of uh, lucid so far, uh and x-bang beyond me, these guys are being left behind visa. Full 10 and now 16 on a firm, really really good rally into the close uh. It probably honestly led by apple, look at this rip, seven percent and it's kind of extending towards the close it. What it feels like is: we've actually got potentially institutional institutional buying kind of rotating into the end, because usually retail is out of money at the beginning of the day, buying the dip yeah not always, but uh, they usually get sold off on uh.

This is uh. This is a nice rotation here towards the end of the day. Finally gets us off some of those crazy lows: let's go ahead and listen to sarah eisenhower for a second trading day, and today, we've got crossmart chief market strategist victoria fernandez back in nevermind they're. Just going to introduce people, that's no fun all right, let's go ahead and see what the suits are saying here.

All right. Let's see here somebody's wondering if i think this could be a bull trap. You know it's been one of those things where it's like fool me once uh and uh, every single rally that we've had since the beginning of december has sold off every single one of them. Hopefully it's over.

Excuse me. Hopefully it's over. It's surprising that right before fed speak we're seeing a little bit of a rally. So maybe that's bullish.

Maybe markets are just realizing hey, you know what we're going to get high rates hiked on us and and there you go personally, not convinced that markets have fully priced in the action the fed is going to have to take uh but uh, then again, who knows, But uh this is good. This is a well needed bounce for a lot of folks on the market. It has just been a really crappy week, otherwise, all right, let's look at the yield curve. I'll show it to you as well one sec.

Two year ten year. Okay, yeah, okay, yield curve is now down at 61.. That is actually based off yesterday's pricing, though, so let me get 10 to yield curve. Let's see, if y charts will give us a good one white chart's, pretty good.

I think you give us some more updated info. That would be ideal, so nope all right. Well, it's it's r. No there.

It is okay, yep stable at 0.63, approximately as of uh, the 27th, which was yesterday today's the 28th. It is still kind of surreal to think it was exactly one day to go today that you had the gme earnings, which makes me wonder what happens if we type into google gme year to date or just jimmy stock and then go to the year to date. It's gon na probably be down like 75 percent because or actually more probably down like 80, but let's do it one year, oh 50! Really! Oh, because they're measuring from 193 they're measuring from a day before! Why do they do that? No they're measuring from 28? Oh because it was an intraday move, uh, okay, yeah that was wild. It's also crazy to think that a year has gone by uh from from these times, quite insane, all right so watching btc here uh, you know, we've got transactions coming through at 37.7.

Is the the midpoint here? Let's see, we have apple moving very well. Let's try the brits financial times all right. U.S warns. Russia has significant military assets for ukraine invasion.

The market does not seem to care about this whatsoever. They did on monday. I don't know what it was apple. You know our markets are a little freaky around monday.

It was interesting. Uh final, six minutes of trade and markets are at session highs. Yes, they are oh yeah. Look at that apple now, over 170 nice move to the upside.

Here a firm 16 percent so far uh distilled down a couple percent here loose at six percent and if we pull up a little bit more we'll see tesla ooh tesla must be up about two percent right now or more. I guess i missed it. No, it's only up 1.25, never mind, sorry for the fake out, uh all right see what uh saracen posting record profits last quarter. Beating analyst estimates in every single product category except ipads as supply chain issues cut into sales there.

But ceo tim cook did note that those challenges are showing signs of improvement victoria. A nice move in apple. It's now up seven percent at session highs: yeah. Is it too late to get into this stock in this kind of environment where it acts like a safety? Why do people say that? Why is it always when it's going up people like? Is it too late to get in sarah of growth and a value we did actually prior to the earnings? And so you know: listen to the hedges sell apple.

You need to have in your portfolio long term. So, as we talked a minute ago about the volatility that we're seeing in the market, i think when you have any kind of red days, where apple pulls back a little bit, that is an opportunity to get in there i mean they're not having the same supply Chain issues that we heard from you know western digital from vf, corp, um and other companies they're doing really well there and they get. You know, had the largest single quarter for revenue, so they really knocked it out of the park. I think hey don't get me wrong.

Apple is an absolutely a phenomenal company, but uh. You know if the market keeps getting fearful about rates. It's only a matter of time before uh apple does not stand that high. I do.

I really think it's so incredible that almost everybody on cnbc is like oh, go, buy, apple, go, buy, apple, go, buy apple wall street bats, oh go, buy apple, it's like i don't know. Doesn't that kind of feel a little herdish? Who knows we will see? What's not herdish, though, is a firm. A firm is still hurting under 60 dollars, ripping, though, into the clothes it's now up, 17.25 with visa. Helping lead right here.

Look at that what a move uh robin hood, also doing phenomenally apple's almost up a full seven percent. We've got about three minutes to go here: rivien ripping into the clothes as well uh, draftkings docusign - i mean this. My guess. Is you see that volume bump right here at the end? My guess is: you've got a lot of institutions coming in pumping money back into stocks and uh yeah at least today, yeah upstart up about 5 trade desk 5.48 spy 2.3.

At the end of the day. What insane swings absolutely wild? I mean yeah, you can see here where we were. This morning we were uh, we were sitting between our you know. We were turning red and we were sitting between our two uh support lines here, and it was just throughout the day.

We ended up with a rip with one that got reiterated for uh for the end of the day, somebody's asking. If i'm setting up some shorts for monday yeah, we were just talking about that. In the the course one of the downsides is uh, which makes it very expensive to do so is a. There are a lot of shorts right now.

B. Volatility is is still on the high side, so the iv you're paying for, puts and you're paying theta decay over the weekend. It's not ideal, not ideal right now, it'd probably be better to either straight short or uh, or focus on puts on monday, or don't worry about any of that crap and just buy the stock. That's also an opportunity is just buy.

The shares right shares. You don't have to worry about as much as you have to worry about with uh with the other ones anyway. Trade desk also look at that 5.5 percent. Another stock ripping into the close tesla here is uh, is rotating nicely inverse and ets yeah exactly yeah.

I would say: uh in institutions are absolutely buying this rip right now, because we're seeing that volume spike. That's a question that came up here, seeing that volume spike at the same time as a price increase and being at the end of the day, which is usually when traders offload their shares or and or institutions, because institutions can trade too uh institutions are or getting Inflows again, i'm gon na go pull kathy's flows here really quickly. My guess is there was a nice inflow yesterday. I don't know if we can measure it for today yet, but then we can get a little bit of a feeler for what's going on here.

Yeah! No, it's gon na have we're gon na have to wait till today's data, because yesterday she actually had a net loss of 86. That is, 86 million. People took their money out, it's not necessarily a loss and then 190 million well dollars, not people 190 million dollars. So about twice as much were removed from our k, just rk on uh the 25 yeah okay uh 20.

Oh i'm! Sorry! Oh no! No here we go 207 removed on uh on the 26th, so uh we'll see nothing on uh on the 28th. Yet, okay, let's go see how gamestop did today on the one year anniversary jimmy you like the circle graph, that was a fun lecture, uh gamestop ripping uh nicely. I can't tell exactly how much we got about three minutes three seconds: yeah, that's up about! Four! No amc is up four percent. Oh, let's get the bell point.

Four percent of gains on the s p. 500. 1.6. On the dow, the nasdaq up three percent, even the russell up, nearly two percent, having been down more than one percent about an hour and a half ago, uh and uh three also major averages the big three end the week in the green because of this wow.

What an end to the crazy week, dow 166 s, p, 244, nasdaq, 313 and, as mentioned here, russell up 1.3, really incredible uh. Finally, finally, finally, some green, but really really amazing, inflows here into the close. What you really want to pay attention to now is what are the shorts going to do or the shorts going to say now's the time to double up, or is this the time for the shorts to say you know what uh it's time to capitulate the shorts And we're going back to the moon uh. That would be pretty incredible because some of these prices are way down from where they were, including tesla.

Here at 8 47 i mean even just the last day it's still down somewhere around 80 points, but uh we'll see if this is just a bull trap. Bull trap would be when folks get trapped into believing that the recovery is here buying into stocks, believing that we've hit a bottom and then the bottom really falls out reason. That's pretty common is not investing for uh fundamentals or for investing for uh purposes. Of of macro fundamentals like what the economy is doing, but rather investing because something has gone up.

Remember it gets more expensive as price goes up, so we can crush the shorts in theory, you could yeah. If you had enough people, you could do it. So all right! Well, i got a birthday to go to check out those programs on building your wealth link down below coupon code does expire tonight and i'm gone until tuesday morning. Probably so, thank you so much for being here and uh appreciate, y'all and have a wonderful friday.

Next week is earnings too. Oh, i'm gon na quickly look quickly! Look for next week! Earnings, i think you want to see, is what we got uh monday monday monday. Dhl: okay, okay, a bunch of them tuesday, wednesday, there's a ups, exxon, paypal, amd, google, gm starbucks gilead, that's all on tuesday, uh abv, waste management, facebook, qualcomm spotify, that's wednesday, thursday, merck, nokia, pen, national gaming. A lot of insight on inflation amazon in the afternoon with snap pinterest forward, activision, ubiquity and friday is hmm, don't recognize some of those those are smaller.

Oh, that's it all right. So there it is thanks. So much folks enjoy.